Vijay Kedia’s and Dolly Khanna’s portfolio multibagger stock; Board announces stock split!

The stock gave multibagger returns of 130 per cent returns in just 6 months, 290 per cent in 2 years and a whopping 770 per cent in 3 years.

Indian stock markets declined on Monday, with the two main indices, the BSE Sensex and NSE Nifty-50, both losing over 1 per cent each. Along with the stock market in the red, shares of this multibagger stock plunged 7 per cent to Rs 1,029.10 per share from its previous closing of Rs 1,106.55. The shares of the company saw a spurt in volume by more than 2.14 times on BSE. The stock traded at an intraday high of Rs 1,129.95 and an intraday low of Rs 1,020.

The board of directors of this multibagger company has approved a stock split, subdividing each existing equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The record date for the stock split is Friday, October 27, 2023.

Dolly Khanna owns a total of 1,93,215 shares or 1.57 per cent stake (She brought in an additional 7,500 shares in the September quarter i.e., Q2FY24) and Vijay Kedia owns a total of 1,50,000 shares or 1.22 per cent stake in the company.

The multibagger Small-Cap stock is TALBROS AUTOMOTIVE COMPONENTS LTD.

Talbros Automotive Components Ltd is a company based in India with a market cap of Rs 1,325 crore. The company manufactures gaskets, steering components, suspension stamping, rubber components, and forgings. The company reported positive results in its annual and quarterly financial statements.

Talbros Automotive Components Ltd. has received large orders for a variety of products, including EV body parts, forgings, heat shield products, and gaskets. These orders are worth over Rs 1,000 crores and are a major boost for the company's growth and future prospects. The order for EV body parts is especially significant, as it shows that the company is developing expertise in the EV space. The Indian government's goal of blending 20 per cent ethanol into gasoline by 2025 is also likely to benefit the company. Overall, the news of these new orders is very positive for Talbros Automotive Components Ltd. and its shareholders.

The stock gave multibagger returns of 130 per cent returns in just 6 months, 290 per cent in 2 years and a whopping 770 per cent in 3 years. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.